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The Bank of Canada just 'stomped' on the housing market rebound

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The Bank of Canada just 'stomped' on the housing market rebound via financialpost

its key interest rate 25 basis points to 4.75 per cent on June 7 will put downward pressure on home prices, which have rebounded faster than the bank had expected,Financial Post Top Stories

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House prices had started to firm up again in April, when sales increased by 11.3 per cent — the largest monthly rise since 2009.

 

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